For Those Who Still Don’t Get It . . .

… THE GOVERNMENT DOESN’T NEED TO TAX OR BORROW TO PAY FOR THE NHS, OR FOR ANYTHING ELSE, EVER! (sorry for shouting but some people really haven’t been paying attention and this is very, very important). Once again, this is how it works. When the government spends, it spends new money. This new money is…

Why Do We Suffer Such Numbskull Incompetence?

The media were a-buzz this week with stories of overspending NHS Trusts in England. We’re told that 65% of Trusts and 90% of hospitals ended the financial year in the red with a total¬†combined deficit of ¬£2.45 billion. If you dig into just about any of our governments’ health strategy documents in the UK and…

Freaking Unbelievable

Steven D. Levitt is a professor of economics at the University of Chicago and co-author of a series of books that have the word “Freakonomics” in their titles. Until yesterday I had never read anything by Mr Levitt, and heartily wish that I hadn’t bothered to read this article on his blog because its stupidity…